Australia Business Innovation And Investment Visa Subclass 188

This visa is for people who want to own and manage a new or existing business or to make an investment in Australia. You may include your dependent family members under this visa. Once approved, the Business visa will allow you and your family to stay in Australia for 4 years. There is an option to apply for an extension for further 2 years if you need more time to develop your business.

A State or Territory sponsored provisional visa with no minimum English requirement and is valid for four years.The points test does not apply to you if you are applying in the Significant Investor stream, the Premium Investor stream, or the Business Innovation Extension stream or the Significant Investor Extension stream.

The test gives points for various elements of human capital and business innovation and includes objective measures of business performance.Applicants may be inside or outside Australia at the time of visa grant or application and must:-

Have a points tested pass mark of 65

Submit an EOI in SkillSelect

Be less than 55 years of age or the nominating jurisdiction must provide their support to waive the age requirement.

There are two streams to this visa subclass

Business Innovation Stream

Applicants must have:

A genuine and realistic commitment to be involved as an owner of a new or existing business in Australia

An overall successful business career

Net business and personal assets of A$800,000

A business turnover of A$500,000

Applicants may be eligible to renew the visa for an additional two years.